China Promies Slight Easing
Of Monetary Policy for Relief

BEIJING -- China's top central banker, wary that tight monetary policy could choke the economy and cripple state enterprises, promised a slight easing of monetary policy this year.

"Some people's lives are very difficult," Dai Xianglong, governor of the People's Bank of China, said at a news conference. "We'll take measures to safeguard the legitimate incomes of unemployed and surplus workers."